BI Asset Management Fondsmaeglerselskab A S Acquires 23,094 Shares of Cboe Global Markets, Inc. $CBOE

BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 141.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,471 shares of the company’s stock after acquiring an additional 23,094 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Cboe Global Markets were worth $11,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Sound Income Strategies LLC boosted its stake in shares of Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Cboe Global Markets in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter worth $33,000. Headlands Technologies LLC bought a new stake in shares of Cboe Global Markets during the second quarter worth $31,000. Finally, DV Equities LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter worth $37,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE opened at $249.10 on Monday. The company has a market capitalization of $26.42 billion, a PE ratio of 128.40 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $223.54 and a 12 month high of $371.18. The stock’s 50-day moving average price is $314.62 and its two-hundred day moving average price is $287.45. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s revenue was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.50 EPS. On average, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.72 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.2%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CBOE. Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Morgan Stanley boosted their price objective on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research report on Friday, April 10th. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Keefe, Bruyette & Woods lifted their price target on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Finally, TD Cowen boosted their price target on Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus price target of $322.60.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.